💎 DeFi🟢 BullishImportance 7/10

Hyperliquid Looks Like Solana At $20 Last Cycle, Daniel Cheung Says

NewsBTC|Jake Simmons|March 12, 2026 at 05:00 AM

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🤖AI Summary

Daniel Cheung of Syncracy Capital compares Hyperliquid's HYPE token at $35 to Solana at $20 before its major rally, arguing the protocol has become crypto's main trading hub. He believes Hyperliquid could emerge as a category-defining financial trading platform that competes with traditional brokers like Robinhood.

Key Takeaways

→Daniel Cheung sees HYPE at $35 as similar to SOL at $20 before Solana's 1,379% rally to $295.
→Hyperliquid is described as the main chain where trading activity is happening and bringing new users to crypto.
→Cheung believes Hyperliquid could flip traditional brokers like Robinhood and Interactive Brokers.
→The thesis relies on perpetual futures becoming a much larger category than currently priced in.
→Arthur Hayes also predicts HYPE could reach $150 by August 2026, adding credibility to bullish views.

Mentioned Tokens

$SOL$84.97▼-1.5%

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#hyperliquid #hype-token #solana-comparison #daniel-cheung #arthur-hayes #perpetual-futures #defi-trading #syncracy-capital #trading-platform

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